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<ul>
 <li>TON Strategy repurchased shares below asset value while launching staking operations to generate blockchain yield for shareholders.</li>
 <li>The company became first Nasdaq-listed firm to adopt TON as primary treasury asset after $558M private placement.</li>
</ul>
TON Strategy has purchased 250,000 of its own shares. The average price paid for each share was $8.32. Executive Chairman Manuel Stotz stated this price was under the company’s tangible asset value. That value was reported at $12.181 per share the day before the transaction.
This stock buyback is part of a larger program. The program is authorized to use $250 million for repurchases. At the same time, the company has started staking operations. This move uses treasury assets to create yields from blockchain networks. According to TON Strategy, these steps show the company’s financial health and its focus on shareholder value.
<blockquote class="twitter-tweet">
 As of September 11th, TON Strategy Co. (Nasdaq: <a href="https://twitter.com/search?q=%24TONX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TONX</a>) disclosed:<a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TON</a> tokens: 217,529,634 Fully diluted common shares outstanding: 62,486,673 Treasury Asset Value (TAV): $761,087,677 TAV per share: $12.18
 We've initiated our $250M buyback program, repurchasing &gt;250K shares at…
 — tonstrat (@tonstrat) <a href="https://twitter.com/tonstrat/status/1966480741971218570?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 12, 2025</a>
</blockquote>

<h2 id="span-style-font-weight-400-stotz-explained-the-reasoning-behind-staking-span">Stotz explained the reasoning behind staking</h2>
He said it allows the company to keep its long-term token holdings. It also helps secure the network and provides a source of yield for the treasury. CEO Veronika Kapustina <a href="https://www.businesswire.com/news/home/20250912905903/en/TON-Strategy-Company-Announces-Initial-Share-Repurchases-Under-%24250-Million-Program-Buying-Below-Treasury-Asset-Value-Per-Share-and-Start-of-Staking" target="_blank" rel="noopener noreferrer nofollow">described</a> the company’s method for handling capital. She said staking creates regular income. Share buybacks, she added, improve returns for shareholders.
The company connects these financial moves to its positive outlook on <a href="https://ton.org/" rel="noopener noreferrer nofollow">The Open Network</a>. The share repurchase effort is also intended to make its token more accessible. This follows the token’s listing on several trading platforms. Those platforms are Gemini, Zengo, and Robinhood.
The repurchase program started on September 8. Cantor Fitzgerald &amp; Co. is acting as the agent for the buybacks. This setup gives the company flexibility in the timing and manner of future share purchases.
The company recently changed its name. It was formerly known as Verb Technology Company. It now operates under the name TONX and is listed on Nasdaq. A private placement of $558 million helped establish TON as the main asset in its treasury.
Even with these actions, the company’s share price decreased. It fell around 7.5% after the buyback was announced. The current trading price is approximately $7.24. Over the last month, the stock has dropped more than 60%. It is down 21% since the company shifted its treasury strategy to focus on TON.
In a <a href="https://assets.ctfassets.net/k3n74unfin40/5ySHPvEyMQ3j1NRz4cR84L/8ee2f2270b207f4ccd5171624bc34283/Monthly_Sept_2025.09.pdf" target="_blank" rel="noopener noreferrer nofollow">separate event</a>, TON Foundation and Kingsway Capital Partners secured $400 million in July. This capital is for forming a new company centered around a TON treasury.
<img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/09/TONUSDT_2025-09-14_11-06-36.png" alt="TONUSDT_2025-09-14_11-06-36" width="1826" height="880">
Toncoin (TON) is trading at $3.15, showing a 2.61% decline in the last 24 hours but a 1.77% gain over the past 7 days. The market capitalization stands at approximately $8.10 billion, with a circulating supply of 2.57 billion TON. 
Daily trading volume reached $124.3 million, reflecting <a href="https://www.ethnews.com/ton-price-consolidates-as-telegram-integration-expands-user-access-and-on-chain-activity/" rel="noopener noreferrer nofollow">moderate liquidity</a> across exchanges including HTX, Binance, and Bybit. The 24-hour price range fluctuated between $3.14 and $3.25, indicating mild volatility amid short-term consolidation.
<img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/09/TONUSDT_2025-09-14_11-09-58.png" alt="TONUSDT_2025-09-14_11-09-58" width="1826" height="880">
Technically, TON has established support near $3.12, while immediate resistance is at $3.20–$3.22. The token shows neutral short-term momentum, with recent trading volumes suggesting steady accumulation. A breakout above resistance could target $3.28–$3.30, whereas failure to maintain support might lead to a retracement toward $3.10.
TON continues to operate as a Layer-1 smart contract platform, supporting financial applications, decentralized file storage, domain services, and web hosting via <a href="https://www.ethnews.com/after-uae-visa-setback-can-tons-28-5m-funding-and-telegram-hype-fuel-breakout/" rel="noopener noreferrer nofollow">TON Sites</a>. Its BPoS (Byzantine Proof-of-Stake) consensus enhances scalability and validator efficiency, while masterchains and workchains manage transactions and smart contracts in a sharded architecture.
The post <a href="https://www.ethnews.com/how-ton-strategys-treasury-move-redefines-nasdaq-listed-crypto-investments/" rel="noopener noreferrer nofollow">How TON Strategy’s Treasury Move Redefines Nasdaq-Listed Crypto Investments</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

How TON Strategy’s Treasury Move Redefines Nasdaq-Listed Crypto Investments

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